Apple Inc. (NASDAQ:AAPL) lodged a case against the board of directors of Apple Inc for allegedly breaching fiduciary duties. Such breach brought damages to Apple Inc. and its stockholders, the announcement said. According to the lodged complaint, Apple Inc’s board of directors was involved in an alleged conspiracy to “fix tech industry wages, and thereby exposing Apple Inc to billions in potential wage restitution. Apple Inc. (NASDAQ:AAPL) shares after opening at $539.81 moved to $ 540.00on last trade day and at the end of the day closed at $531.82. Company price to sales ratio in past twelve months was calculated as 2.73 and price to cash ratio as 11.65. Apple Inc. (NASDAQ:AAPL) showed a negative weekly performance of -0.94%.
Levi & Korsinsky, LLP is investigating Avon Products Inc. (NYSE: AVP) in connection with possible claims of breaches of fiduciary duty by certain of the members of the board of directors of the Company. Avon Products, Inc. (NYSE:AVP) shares advanced 2.66% in last trading session and ended the day on $15.07. AVP return on equity ratio is recorded as -4.60% and its return on assets is -0.80%. Avon Products, Inc. (NYSE:AVP) yearly performance is -25.65%.
Tesla Motors Inc (NASDAQ:TSLA) wants to file a petition against the stringent licensing rules imposed by the New Jersey Motor Vehicle Commission (:NJMVC) and members of Governor Christie’s administration. These regulations ban direct vehicle sales and necessitate the use of middlemen. Tesla Motors Inc (NASDAQ:TSLA) shares moved down -5.85% in last trading session and was closed at $212.23, while trading in range of $ 211.25 – 228.27. Tesla Motors Inc (NASDAQ:TSLA) year to date (YTD) performance is 41.08%.
Ford Motor Company (NYSE:F) shares are currently priced at 12.28 x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.34x forward p/e ratio. And for passive income investors, the company pays shareholders $0.50 per share annually in dividends, yielding 3.20%. Ford Motor Company (NYSE:F) weekly performance is 4.40%. On last trading day company shares ended up $16.13. Ford Motor Company (NYSE:F) distance from 50-day simple moving average (SMA50) is 5.03%. Analysts mean target price for the company is $17.97.
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